cryptohunter
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EChecks became a usual way to pay in the U.S. as technology advanced in the late 20th and early 21st centuries. Electronic check processing replaced traditional paper transactions, making things more efficient.
In the late 1990s and early 2000s, banks and businesses started using the ACH network for eChecks. This system, overseen by NACHA, provided a secure platform for electronic fund transfers.
The goal was to make payments smoother, reduce manual handling of paper checks, and speed up transaction clearance. People liked the convenience and speed of eChecks, allowing for electronic authorization and processing.
In the late 1990s and early 2000s, banks and businesses started using the ACH network for eChecks. This system, overseen by NACHA, provided a secure platform for electronic fund transfers.
The goal was to make payments smoother, reduce manual handling of paper checks, and speed up transaction clearance. People liked the convenience and speed of eChecks, allowing for electronic authorization and processing.
